To cater to the Millennials various banks have introduced savings accounts along with financial products and services that are more streamlined and intuitive.
The banking system for Millennials is completely different from the traditional banking system. It’s not just using the bank for this – the bank needs to offer products and services to help it manage money more effectively.
To cater to the millennials various banks have started coming up with financial products and services including savings accounts which are more streamlined and intuitive to target the millennials. ‘ICICI Bank Mine’ – ICICI Bank’s comprehensive banking program for millennial customers, which targets the age group of 18 years to 35 years – is one such offering.
The mobile app not only provides an instant savings account but with a new user interface that provides additional benefits such as personal finance management tools and investment guidance to meet the demands of Millennials. It also takes care of other financial needs like curated credit and debit cards, instant personal loans and overdrafts.
ICICI’s Mine Savings Account is a fully digital zero balance savings account, targeted at millennials in India, that can be opened instantly. The account number of this savings account is generated instantly, and one can transact immediately. There are 2 types of ICICI Mine Account – Mine Regular and Mine Premium. The only difference between these two types of accounts is the debit card.
As far as the membership fee is concerned, the main regular fee is Rs 150 while the main premium fee is Rs 599. Additionally, cashback is also available but only on Mine Premium. Mine Regular does not offer any cashback, while Mine Premium offers 1 percent uncapped cashback.
Open ICICI Mine Savings Account – Here’s how;
Go to the website of ICICI Bank
Go to the savings account section on the homepage
Enter your Aadhaar, PAN, mobile number, email id and other required details
Authenticate your details with OTP on your registered mobile number
Confirm and your insta save mine account will be opened
Here are some of the features of ICICI Mine Account;
ICICI Mine (Mine icici) Account Zero Balance ICICI Savings Account
People in the age group of 18 to 35 years are eligible to apply digitally.
Provides in-app free budget analyzer to help plan one’s budget as per monthly expenses etc.
Complimentary air travel of Rs.50,000 and purchase protection of Rs.50,000 on account opening
Cardless cash withdrawal services available after KYC verification
Easy and continuous access to banking products and services using iMobile App and Internet Banking
5 free monthly ATM withdrawals from any bank ATM
